House Republicans Offer Cuts They’d Back in Deal for Debt Limit
- Targets include green energy programs, Obamacare subsidies
- GOP under pressure from Democrats to come up with budget plan
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Republicans on the House Budget Committee on Wednesday floated a list of sample budget cuts they could back in exchange for raising the nation’s debt ceiling.
The tentative list, put out by new committee Chairman Jodey Arrington of Texas, could form the basis of an eventual proposed accord to avoid a market-rattling US default sometime this summer. House Speaker Kevin McCarthy is hoping to meet President Joe Biden as soon as this week to continue talks on raising the $31.4 trillion US limit, which was reached in January.